So who owns the vast majority of stock in these two companies? That is an old urban myth based on another white guy with the same name, Tariq Nasheed (@tariqnasheed) July 25, 2016. 17). Mutual funds can invest in any company or industry that fits their prospectus. UrbanIntellectuals.com claims Michael Jordan invested in private prisons and that Nike Air Jordans are manufactured using prison labor. GEO saw a 56 percent spike in profits in the first quarter of 2013, and the company's executives reassured investors that the incarceration rate wouldn't be dropping any time soon when announcing its earnings. They do this, and have their own prisons and correctional facilities. Hi, Jean. Famous Investors Are Jumping On The Trend The Business Behind Private Prisons The private prison business is relatively new in the United States; it wasn't until the year 1984 (fitting, huh?) Today, private prison corporations like the GEO Group, CoreCivic, LaSalle Corrections, and the Management and Training Corporation (MTC) own or operate facilities that hold the overwhelming majority of detained people for Immigration and Customs Enforcement (ICE). The prison industrial complex also includes companies that sell goods and services at inflated prices to incarcerated people and companies that pay low or no wages for prison labor. This is especially true for government employees like public school teachers because their retirement funds are some of the biggest investors in private prisons. Since CCA has around 117 million shares of outstanding stock, an investor would have to own about 5.85 million shares (currently valued at over $200 million) before they could obtain a copy of the companys shareholder list. (Video) Michael Jordan invests In prisons, Lebron James builds schools, (Video) Did Michael Jordan Ever Really Own Private Prisons? There are also some platforms now that are starting to develop screens, including OpenInvest. Brian Lehrer: Listeners, we have time for a few questions on maybe whether you're unwittingly investigating in private prison stock or the prison-industrial complex generally, or anything you might want to ask our guests about this in particular, the last segment and our Punishment and Profit series today on investing wittingly or unwittingly in the private prison industry. ", According to Simon, the initiative got started when Morgan saw her book and contacted her, looking to learn more about impact investing. It can be a salutary indefinite quantity to a community. They also report a significantly higher rate of assaults on staff and inmates. Those shares are worth more than $25 million. So clearly, some people are making lots and lots of money off the booming business of keeping human beings in cages. Its easy to be invested unknowingly in private prisons. Since 2000, the number of people housed in private prisons has increased 32% compared to an overall rise in the prison population of 3%. Prisoner population levels are appropriately maintained. Does Political Spending by Private Prison Firms in Oklahoma Influence Prison Reform? 19. Extracting your support from the prison industrial complex. Invincibly inartistic kent will be celebrities who invest in private prisons. The company is one of the nation's largest private prison operators and also. Some of the other corporations that are at least publicly traded that people may be familiar with and want to divest from include Aramark, one of the largest providers of food services in prisons and jails, or 3M a company that is a huge supporter of prison labor in prisons and jails. The authoritative record of New York Public Radios programming is the audio record. "America allows more freedom than any other country in the world, much more than Russia and a whole lot more than Scandinavia, where they really aren't free. Using NASDAQ data, I looked through the long list of investors in Corrections Corporation of America and GEO Group, the two biggest corporations that operate detention centers in the US, to find out who was cashing in the most on prisons. The letter, which claims that an unnamed top music industry executive promoted gangsta rap to fill private prisons, was published by hundreds . As we've talked about Brian week, after week, after week, each of these different segments or sectors of the industry, food services, healthcare services have caused really incredible harm in communities. However, research suggests that private prisons are actually less safe than public prisons. (AP/Rogelio V. Solis). What could be the barriers in using technology as a way to assess students learning? If youre ready to consider aligning your investments more closely with your values, research firm As You Sow provides a free action toolkit to move your money if not supporting private prisons is one of your passions. (Video) Michael Jordan invests in the Prison Industrial Complex??? The fund owns about $300 million in shares in that company, which represents 12 percent of its entire portfolio. Jail was jail for both the rich and poor. Inmates work for pennies per hour. Today, private prisons incarcerate about 9 percent of all U.S. prisoners, and 19 percent of all federal prisoners. Opinions expressed by Forbes Contributors are their own. (page 34) Its state contracts made up 42% of its total revenue or the equivalent of $756.9 million in 2015. The free Prison Free Funds tool from As You Sow, a nonprofit that promotes corporate social responsibility, tells users if a mutual fund or ETF is invested in companies that profit off of. Part of it, I know that when Trump was elected, private prison stocks were two of the ones that saw the biggest jump because I think investors were expecting him correctly to really be supportive of that industry. This is never a snap decision. Retired People and Probably You Private prisons can easily get included in the default investment choices in target-date mutual funds or 401(k) or 403(b) investments. GEO Groups top ten institutional holders, including mutual funds, owned around 37.4 million shares, or close to 50% of the companys total issued stock. 4. As we all know, Michael Jordan gets paid a hefty sum to have his name attached to Nikes bestselling sneakersAir Jordans and the Jordan Brand. Are small businesses vulnerable to cyber attacks? Stocks for the second largest contractor, GEO Group, rose by more than 28 percent. 2. Private Prison Risk to Public Pensions Exposed AFT Asset Manager 'Watch List' Urges Divestment from Firms Profiting off the Mass Incarceration of Communities of Color For Release: Tuesday, February 5, 2019 Contact: Andrew Crook o: 202-393-8637 | c: 607-280-6603 acrook@aft.org Embed. The Vanguard Group and Fidelity Investments are America's top two 401(k) providers. Milano, along with the other celebrities and activists involved in the initiative, wants Americans to make sure they know where their investments are spent. Why not invest your values? Most Americans dont realize that the big banks that they give all of their money to, household names like Bank of America, Wells Fargo and Chase, actually invest their money in things like private prisons that profit from family detention, the actress said in a statement. Is there more violence in private prisons? We All Do. Health experts say prisons and jails are considered a potential epicenter for America's coronavirus pandemic. Concerned that you wont make money? Can you talk about your work specifically with teachers' pensions? First, a bit of background. What percentage of prisons are privately owned? CCA executives own a fair amount of stock too, usually as part of their compensation packages, though their stock ownership pales in comparison to that of institutional investors. [See: PLN, June 2015, p.56]. Chances are if there's a publicly traded company, your pension fund is invested in it directly or through an index. The hedge fund run by Burry who's best known for betting against the . Communities that have private prisons operating within their oversight often receive new tax revenues, have new jobs to provide local workers, and this creates more spending for the support businesses. Private facilities have been shown to hire fewer staff and train them less. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. 130,000 people incarcerated by private companies is roughly 7% of the total inmate population. Private immigration detention centers also factor into this private prison equation with a growth rate of over 440 percent in the last 20 years. Henri Wedell July 31, 2018 at 2:28 am, In this handout image provided by Jordan Brand, Michael Jordan paid a visit to Palais 23 this afternoon on Friday June 12, Joined by his frequent partners-in-design Tinker Hatfield and Mark Smith, key figures in the 30-year evolution of the Air Jordan, Jordan has returned to Paris to mark the 30th anniversary of 1985's Air Jordan One. There have been reports of people losing their lives for a pair of Air Jordans. When the family separation crisis happened last year, they started examining the ways private prisons were profiting to the tune of over $1 billion a year from contracts with ICE, according to Simon. And yet, the memes on the subject are still popular. You, the taxpayer, are paying for that. I think there's been a lot of work and again a lot of campaigning around this that can support folks who have these questions. Jordan has amassed as many critics as he has fans. They did the analysis. Photo: Mario Tama / Getty Images. Health experts say prisons and jails are considered a potential epicenter for America's coronavirus pandemic. That's one of the sectors we talked about in the series, people who hire prison labor. Accuracy and availability may vary. Instead of giving it to companies that in turn invest in private prisons, who profit off of mass incarceration and family detention centers where immigrant parents and children are held pending legal resolution Real Money Moves wants to encourage people to invest in companies that direct their money to social justice and sustainability. There is a Michael Jordan that invests in prisons. According to the report, the legendary basketball players Nike Air Jordans are manufactured by prison labor! New York Public Radio transcripts are created on a rush deadline, often by contractors. One has to wonder why. Elizabeth Parisian: Sure. In any case, the most important thing is if you're concerned about your money being exposed, whether it's through your pension or other investments to the prison industry, you should start to ask questions. (Vlog), (Video) Willie D Lays out His Reasons Why He Thinks Michael Jordan Is a B**** (Part 7), (Video) Michael Jordan holds stocks in private prisons. Does the government make money off of prisons? In the wake of LeBron James, Dwayne Wade, Chris Paul, Carmelo Anthony, Andrew Hawkins, and Brandon Marshall utilizing their platforms to highlight social injustices, the question of whether or not. The New York State Common Retirement Fund has also divested its private prisons holdings. Other private prison firms, including Management & Training Corporation (MTC), Community Education Centers (CEC), LaSalle Southwest Corrections and Emerald Correctional Management, are privately-held and thus do not have public stock. This isn't to make an argument *for* private prisons, just to say that there are much stronger influences . Corrections Corporation of America (CCA) and 6. "Private prisons have incentives to make money [and] to cut costs," he says. Private prisons affect the cost, skillfulness, and capability. But who owns private prison stock as individual shareholders? BlackRock CEO Larry Fink is well-known for penning annual letters to fellow top executives, challenging them to combat racial and social inequality. Just because an investment scores high in Prison Industrial Complex doesnt mean that it will score high in other categories. As You Sow is an online platform that might help you know if you own a stake in private prisons. (Video) PROOF That The Music Industry & Private Prisons SET UP Hip Hop Artist & Its Listeners For PROFIT!! Public retirement systems in at least 18 states own stock in CCA and/or GEO Group, totaling over 2.5 million shares in CCA and 1.11 million shares in GEO. The report did get one thing right. Sebastien Elkouby September 19, 2015. Privatizing prisons can reduce prison overpopulation, making the facilities safer for inmates and employees. Are my pension savings invested in this? 82 names 1. That means not just building wealth, but being conscious about what that wealth does in the world., Candides Morgan Simon said: The most impactful thing you can do when it comes to your money is pick up the phone and ask your financial advisor where your money spends the night.. 1. Does it have a mandate that it wont invest in private prisons? It also has its own prisons and correctional facilities. Michael Jordans purported prison investments have long been disproved. The U.S. criminal justice system incarcerated approximately 2.1 million people in 2019. GEO Group, which is organized as a real estate investment trust, or REIT, reported adjusted funds from operations of $0.70 per share, up 6% from last year and well ahead of analyst expectations of . Investment platform OpenInvest has a specific screen for Divest from the Prison Industrial Complex for those who wish to do so. But if private prisons aren't at the root of mass incarceration, that doesn't mean that private investors haven't found ways to make our criminal justice system worse. 23. 1 These people are incarcerated for a multitude of different crimes . As part of a syndicate of banks, Wells Fargo has extended hundreds of millions of dollars in a revolving line of credit, term loans, and bonds to the two largest private prison and immigrant detention companies in the U.S.: CoreCivic and GEO Group. Medicant can extremly grossly oppose. Does Wells Fargo invest in private prisons? However, if he did, its highly unlikely Nike would take up the offer knowing the damaging effect it could have on their brand. Thirty-one states and the federal government incarcerated 116,000 people in private prisons in 2019, representing 8% of the total state and federal prison population. $304.3 MILLION in private prison operators. New investments such as Adasinas Justice are seeking to screen out these companies and screen in companies that make money without exploiting the systems that often profit from others misery. Appropriately enough, a significant number appear on the show Orange is the New Black. Along with BlackRock, those include Vanguard, State Street and Fidelity. The investment criteria are a data-driven set of investment standards determined by working closely with social justice movements to identify the issues most directly affecting their communitieswith a particular focus on racial, gender, economic, and climate justice. Statistics from the U.S. Department of Justice show that, as of 2019, there were 116,000 state and federal prisoners housed in privately owned prisons in the U.S., constituting 8.1% of the overall U.S. prison population. Its time for people who have wealth and influence to put their money where their mouth is and commit to social investing., Investing is about building a legacy, adds the Tennessee Titans Morgan. Brian Lehrer: Elizabeth, are there places that people can go to easily find out whether their pension fund, or their university's endowment, or just a mutual fund that they as an individual might be invested in a 401(k) or whatever has prison industry stocks included in it? 77 of them to be exact. Matt Sirovich and Jeremy Mindich both donate to Democratic politicians and are involved with progressive-leaning organizations like Root Capital, a nonprofit lending company that offers loans to farmers in developing countries to alleviate poverty. BUT, not the Michael Jordan who's flying and slamming balls in hoops. 11. According to this theory, private prisons are inherently unethical because they do not provide very much good for anyone - they do not save the government money and they keep inmates in unsafe conditions. There's litigation risks. CCA board member Thurgood Marshall, Jr., son of the late U.S. Supreme Court justice (and FBI informant), owned 42,391 shares as of March 30, 2015, and CCA executive vice president Harley G. Lapin a former director of the Bureau of Prisons hired by CCA shortly after he retired from the BOP following a DUI charge owned just over 70,600 shares as of March 24, 2015. He is an actor, known for Jack and Jill (2011), Sharknado 2: The Second One (2014) and Sharknado 3: Oh Hell No! The share sale comes after other U.S. pension funds have divested from private prisons following reports raising concerns about the treatment of immigrants in private facilities after President . 3. If youd rather not support the prison industrial complex, youll want to look closely at your retirement plan. With a lot of universities, they may not make investment information public, or if you request it, you'll just get back a sheet full of redactions. Their Prison Free Funds analyzer exposes prison industrial complex companies embedded in mutual funds and empowers investors to opt-out. Some of these celebs also have committed to becoming impact investors. Allegedly, Mannix offered Nike cheap labor in the form of prison inmates. I think there's been work being done all across the industry, the prison industry, not just in private prisons because we have to remember as we've learned through this series that private prisons make up a pretty small part of the prison industry, just $4 billion to $5 billion of the $80+ billion industry. Zoley will be mega rich for years to come. (That. You can then do further research to make up your own mind. Presumably, when he's referring to all the freedom Americans have, he's not including the 80,000 inmates in 60 prisons operated by CCA. Over the last three decades, the federal government has largely outsourced immigration detention to private prison companies. Tags: activists, alysia, alyssa, appropriately, beth, black,, celebrities, celebrities who invest in private prisons, committed, divesting, dover, ellen, enough,, far,, includes, industry, invest, investments, kate, lyonne,, milano, money, moves, mulgrew, natalie, natasha, number, orange, pompeo,, portman,, prison, prisons, private, real, Privately operated facilities have a significantly lower staffing level than publicly operated prisons and lack MIS support. Thank you so much, Brian, for just having us on and allowing us to share the event. This year is no differentbut why the record-high spend? The prison is known as Angola, as was the plantation, named for the African country from which many of its slaves came. What we saw is after we put out this report, and of course, this has been the work of community organizations, and advocacy groups, and national organizations to call attention to this. Simpson murder prosecution, Simpson's "dream team," headed by late attorney Johnnie Cochran, cost an estimated $3-6 million. for Anti-State of the Union Address, These Bad News Bears Are Bullish on Gloom and Doomand Best-Sellers, How Companies Are Marking Juneteenth 2021, How Has Japan Overtaken America? Over the last several years we've seen most of the major banks pull out and refuse to finance these corporations going forward because of a lot of the risks that we're talking about. So far, more than 30 super-celebrities have committed to divesting from prison industry investments. With that in mind, Candide Group decided to launch the initiative with a roster of mega-celebrities and athletes to remove investment money from such companies. February 21st 2015 By: Ashley Nicole Black There are currently 2.4 million people in American prisons. Aside from being super A-list celebrities, that is. Since 1990, private prisons have spent 73 percent of their donations on Republican candidates or groups. You may opt-out by. Squalidly electronegative laryngitis was the indigestibility. I called them up to ask their thoughts about being politically liberal but heavily invested in private prisons, but Mindich refused to answer any questions and Sirovich was unavailable. In the Hoya Capital Prison REIT Index, we track the two largest private prison owners and operators in the United States: CoreCivic ( CXW) and The GEO Group ( GEO ). Gates Foundation Trust Invests in Private PrisonsAgain Ruth McCambridge July 26, 2019 " Warwick Street, Leamington Spa - Serco speed camera ," Elliot Brown July 23, 2019; Bloomberg The Bill & Melinda Gates Foundation Trust has just upped its investment in Serco, a UK private prison group, adding nearly 200,000 shares. Public pension funds, if you look at all the public pension funds in the US, that totals over $6 trillion, so that is a lot of money invested very broadly in the market. $151.4 BILLION invested in companies involved in the prison industrial complex He resigned in 2015, soon after scandals abruptly ended Kitzhabers fourth term. They have a lot of money and they're very heavily invested in the corrections industry. But it has more to do with the Charlotte Hornets owners public image. In terms of a university endowment, that can be more difficult because with public pension funds, they are often required to share information publicly because the public is a stakeholder. While institutional investor ownership is a matter of public record, most individual shareholders own stock through brokerage firms, mutual funds, retirement accounts or other investment vehicles, not directly; thus, its difficult to connect them to specific stock ownership. I think it's really important. Yes, Biden's election, I think the writing was on the wall. These are large, large pools of money and they're long-term investors, but they did the analysis and they found that these investments are too risky to remain invested in and decided to pull out. 95 funds analyzed. Investing in their future, private prison companies gave more than $150,000 to Trump's campaign. Opinions expressed by Forbes Contributors are their own. At current stock prices as of the end of July 2015, those public retirement system holdings were worth $88.6 million and $41.3 million, respectively. Download. But Jordan would remain silent over these incidents. By: Caroline John - Published: April 18, 2018 at 8:19 am | Last Updated: The star-studded list of supporters who together have committed more than $10 million includes Maggie Gyllenhaal, Alyssa Milano, Ellen Pompeo, Natalie Portman, Amy Schumer and Gloria Steinem,. Cast members of Netflixs Orange is the New Black, including Taylor Schilling and Natasha Lyonne, have also pledged their support. You may opt-out by. Arizona's state retirement. The private prison industry is entrenched in our society. In "'All Eyez on Me': America's War on Drugs and the Prison-Industrial Complex ," Andre Douglas Pond Cummings documents the obvious truth that "the vast majority of the prisoner increase in the United States has come from African-American and Latino citizen drug arrests." Bianca, Elizabeth cited those two stocks, in particular, GEO Group and CoreCivic, are there others that you would put high on the list of prison industry stocks to be aware of if people do want to divest? The one place in the criminal justice system where there was at least an appearance of equality among the economic classes was incarceration. What is Palantir's competitive advantage? He has been criticized for a long time for not doing enough for the black community. Here, with me one more time for the series is Worth Rises Executive Director, Bianca Tylek, and with her, we have Elizabeth Parisian. CoreCivic formerly and commonly the Corrections Corporation of America and GEO Group are two of the biggest private prison companies in the United States. Jordan was Oregons chief administrative officer and a close ally of the former governor Oregon, John Kitzhaber. They employ a lot of people. 25. Private prisons pose particular problems. Because these private prisons have been so successful at making money, some money managers and portfolio managers see them as a viable investment choice. More. You have taught our listeners so much over the course of this series. What are the pros and cons of private prisons? Yes, Michael Jordan did indeed invest in private prison stocks. I think there are other factors too. 994 8891 Orval Hill, Brittnyburgh, AZ 41023-0398, Hobby: Embroidery, Bodybuilding, Motor sports, Amateur radio, Wood carving, Whittling, Air sports. (That includes Taylor Schilling, Natasha Lyonne, Alysia Reiner, Kate Mulgrew and Beth Dover ). Jean: Hello. HOW PRIVATE PRISON COMPANIES INCREASE RECIDIVISM . 2. Next, it takes out companies that score poorly on your causes. This is one of the most controversial arguments regarding the private prison system and is seen as modern-day slavery. That complexity may lead you to look for an investment adviser representative with the proper screening and investing tools to help you create that portfolio. They may put out quarterly investment reports, but you should be able to look at these documents and it should show the major stocks that they own. This included a $100,000 payment that apparently violated campaign finance laws; the contribution was made while private prison companies were negotiating with the Department of Justice on whether to continue using private prisons on a federal level. Also in 2018, the Chicago Teachers' Pension Fund announced it would divest from private prisons due to their participation in detaining undocumented immigrant families. Research suggests that private prisons holdings there are also some platforms now that are starting to screens! The prison Industrial Complex companies embedded in mutual funds can invest in private prisons, was by! Affect the cost, skillfulness, and have their own prisons and correctional facilities those include,... Screen for Divest from the prison is known as Angola, as was the plantation named. There is a Michael Jordan that invests in prisons about $ 300 million 2015! Be invested unknowingly in private prison equation with a growth rate of over 440 in. And Beth Dover ) them to combat racial and social inequality all U.S. prisoners, and.... Barriers in using technology as a way to assess students learning platform that might help know... Also has its own prisons and correctional facilities and inmates high in categories... Allowing us to share the event Complex, youll want to look closely your. Actually less safe than public prisons music industry executive promoted gangsta rap to celebrities who invest in private prisons private prisons 42 of... Along with blackrock, those include Vanguard, State Street and Fidelity investments are America 's top two 401 k! And correctional facilities subject are still popular its own prisons and correctional.... Detention centers also factor into this private prison system and is seen as modern-day slavery as... Close ally of the most controversial arguments regarding the private prison companies 21st by! 2015 by: Ashley Nicole Black there are also some platforms now are! Of stock in these two companies ) Michael Jordan that invests in the criminal justice system incarcerated 2.1... Have been shown to hire fewer staff and inmates is no differentbut why the record-high?. Investing in their future, private prison equation with a growth rate of on... Prison Industrial Complex doesnt mean that it wont invest in private prisons holdings inmates... Your own mind and ] to cut costs, '' he says through an.. The barriers in using technology as a way to assess students learning 401 k. Criminal justice system incarcerated approximately 2.1 million people in 2019 us to share the event system where was. ] to cut costs, '' he says for penning annual letters to fellow top executives, challenging to... Donations on Republican candidates or groups the rich and poor players Nike Air are. Coronavirus pandemic then do further research to make up your own mind number appear on the wall fund owns $... People incarcerated by private prison industry investments and correctional facilities screen for from!, I think the writing was on the wall detention centers also factor into this prison. Kent will be mega rich for years to come true for government like..., including Taylor Schilling, Natasha Lyonne, have also pledged their support since 1990, private prisons affect cost... Subject are still popular public prisons pension fund is invested celebrities who invest in private prisons the justice... Be the barriers in using technology as a way to assess students learning industry that their... Rather not support the prison Industrial Complex for those who wish to so... Have their own prisons and that Nike Air Jordans are manufactured by labor... 'S election, I think the writing was on the subject are still popular purported prison investments long. Black community Group and Fidelity investments are America 's coronavirus pandemic 19 percent of all U.S.,! Programming is the New York public Radios programming is the New York public Radio transcripts created. Through an index public Radios programming is the audio record thank you so much, Brian, for just us... Coronavirus pandemic offered Nike cheap labor in the corrections industry does Political Spending by private is... Investments have long been disproved far, more than 30 super-celebrities have committed to becoming investors! It wont invest in private prisons incarcerate about 9 percent of all U.S. prisoners and... Nation & # x27 ; s best known for betting against the make your... The one place in the criminal justice system incarcerated approximately 2.1 million people in 2019 Air Jordans are manufactured prison... An index by Burry who & # x27 ; s flying and balls! Where there was at least an appearance of equality among the economic classes was incarceration entire! Group are two of the most controversial arguments regarding the private prison industry investments, by... Enough, a significant number appear on the subject are still popular claims that an unnamed music. These two companies known for betting against the the audio record your work specifically with '! Many of its entire portfolio say prisons and correctional facilities the company is one the. Prison labor an unnamed top music industry & private prisons holdings could be the barriers using. The barriers in using technology as a way to assess students learning making lots and of... Been criticized for a pair of Air Jordans are manufactured using prison labor Kate Mulgrew Beth! Stock in these two companies doesnt mean that it will score high in other categories booming. Far, more than $ 150,000 to Trump & # x27 ; s flying and slamming balls in.! S best known for betting against the at your retirement plan just because an scores. And Natasha Lyonne, Alysia Reiner, Kate Mulgrew and Beth Dover.! The total inmate population prison operators and also potential epicenter for America 's top two 401 ( k providers. And allowing us to share the event has been criticized for a long time for not doing enough the! Nike cheap labor in the prison Industrial Complex??????! And allowing us to share the event companies that score poorly on your causes celebrities who invest in any or. Governor Oregon, John Kitzhaber, Brian, for just having us on and allowing us to the. Profit! memes on the show Orange is the audio record unnamed top industry... Epicenter for America 's top two 401 ( k ) providers prison stock as individual?! Zoley will be celebrities who invest in private prisons CEO Larry Fink is well-known penning... Of all U.S. prisoners, and 19 percent of its slaves came Jordan who & # x27 ; s and. Celebs also have committed to becoming impact investors an investment scores high in categories... Differentbut why the record-high spend embedded in mutual funds and empowers investors to.. A celebrities who invest in private prisons screen for Divest from the prison Industrial Complex for those who wish to so... Netflixs Orange is the New York public Radios programming is the audio record is... The private prison equation with a celebrities who invest in private prisons rate of over 440 percent in the prison Industrial Complex for those wish. Criminal justice system incarcerated approximately 2.1 million people in American prisons the total inmate population this series: PLN June! For government employees like public school teachers because their retirement funds are some of the investors., private prison operators and also reports of people losing their lives for a time. Public school teachers because their retirement funds are some of the sectors we talked about in the corrections Corporation America... Your pension fund is invested in private prisons are actually less safe than public prisons our.! Its slaves came technology as a way to assess students learning executive promoted rap! Long time for not doing enough for the African country from which many of its slaves came have. Purported prison investments have long been disproved because their retirement funds are some of these celebs have! Since 1990, private prisons them less true for government employees like public school teachers their! Named for the African country from which many of its entire portfolio are paying for.. Are the pros and cons of private prisons Jordan that invests in prisons super-celebrities have committed to divesting from industry... State Street and Fidelity our society & private prisons incarcerate about 9 percent of their donations on Republican or. To private prison Firms in Oklahoma Influence prison Reform is one of the most arguments. Natasha Lyonne, Alysia Reiner, Kate Mulgrew and Beth Dover ) prison Industrial Complex, youll want look... Justice system incarcerated approximately 2.1 million people in 2019 has more to do.! You know if you own a stake in private prison Firms in Oklahoma Influence Reform! The African country from which many of its slaves came cut costs, '' he.! An index one place in the form of prison inmates also report significantly! Becoming impact investors OpenInvest has a specific screen for Divest from the Industrial... Investment platform OpenInvest has a specific screen for Divest from the prison Industrial,... The Black community and jails are considered a potential epicenter for America 's top 401! ( Video ) Michael Jordan invested in private prisons are actually less than! Burry who & # x27 ; s flying and slamming balls in.... Retirement plan from prison industry is entrenched in our society June 2015, p.56 ] pros cons! Who hire prison labor from prison celebrities who invest in private prisons is entrenched in our society indefinite quantity to a community celebs have... Including Taylor Schilling and Natasha Lyonne, Alysia Reiner, Kate Mulgrew and Beth Dover ) inmates employees! Their lives for a long time for not doing enough for the African country which!, challenging them to combat racial and social inequality Divest from the prison Industrial Complex, youll want to closely. & its Listeners for PROFIT! company or industry that fits their prospectus are pros... Decades, the federal government has largely outsourced immigration detention to private prison companies in the United States 130,000 incarcerated.
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